North America Synthetic Leather Market Size & Outlook
North America synthetic leather market, 2018-2030 (US$M)
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North America synthetic leather market highlights
- The North America synthetic leather market generated a revenue of USD 8,265.3 million in 2023.
- The market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, pu synthetic leather was the largest revenue generating type in 2023.
- PU synthetic leather is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 8,265.3 million |
| Market revenue in 2030 | USD 13,704.0 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Pu synthetic leather |
| Fastest growing segment | PU synthetic leather |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PU synthetic leather, PVC Synthetic Leather, Bio-based Leather |
| Key market players worldwide | Kuraray Co Ltd, Air Water Inc, Teijin Ltd, Mayur Uniquoters, Nan Ya Plastics, H.R. Polycoats, Velcro, San Fang Chemical Industry |
Other key industry trends
- In terms of revenue, North America region accounted for 21.2% of the global synthetic leather market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 31,566.5 million by 2030.
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Synthetic Leather Market Scope
Synthetic Leather Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America synthetic leather market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to synthetic leather market will help companies and investors design strategic landscapes.
Pu synthetic leather was the largest segment with a revenue share of 60.31% in 2023. Horizon Databook has segmented the North America synthetic leather market based on pu synthetic leather, pvc synthetic leather, bio-based leather covering the revenue growth of each sub-segment from 2018 to 2030.
Synthetic leather market in North America is expected to grow at a slow rate on account of saturation of larger domestic fashion brands. There have also been increasing concerns from animal rights groups such as PETA, WWF, and few others, due to which the leather industry is witnessing growth restraints.
This has augmented the demand for synthetic leather goods in the region. However, stalled industrial output due to outbreak of COVID-19 is anticipated to impact the market growth. Vegan fashion has attained considerable popularity, creating a demand for premium products made from synthetic leather.
Vegan boots, vegan outdoor skates, and formal shoes made from synthetic leather have gained popularity in North America. Major brands offering vegan fashion products include Matt & Nat, Zara, Defy Brands, and Macy’s.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America synthetic leather market , including forecasts for subscribers. This continent databook contains high-level insights into North America synthetic leather market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America synthetic leather market size, by country, 2018-2030 (US$M)
North America Synthetic Leather Market Outlook Share, 2023 & 2030 (US$M)
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